Rakeen wins another case against former chief

|By Arabian Post Staff| In another case involving Dr Khater Massad, a former Georgian associate appointed by the former RAKIA chief has been ordered to pay compensation to Rakeen Uptown Development in respect of claims of breach of duties as director, embezzlement and fraud.

This is the first in a series of Georgian cases brought by RAK entities against Georgian aide Mikadze, Dr Massaad and their associates to reach judgment. A majority-owned subsidiary of Rakeen Development PJSC, Rakeen Construction, has brought a case against Dr Massaad comprising of similar claims against him. Dr Massaad and Mr Mikadze are also co-defendants in another similar civil case brought by Rakeen Construction.

About Us

The Arabian Post offers you the best of all stories of the day aggregated from multiple networks around the world along with original contributions and analysis by TAP’s own staff.

The Arabian Post is the only news website one needs to access to be up to date with the latest happenings around the world, with reports drawn from top news sources, including wire services, broadcasters, newspapers, magazines and most popular online news sites.